About This Home
This 7-bedroom, 4-bathroom residential multi family at 7632 Pleasant Avenue in Richfield, MN is listed for $599,900 ($150 per sqft). Built in 1966, the home offers 4,008 sqft of living space on a 0.26 acres lot.
Key Features
- Built in 1966
- 0.26 acre lot
Property Details
Rarely available fourplex in a highly convenient Richfield location offering strong rental demand and long-term tenants. This well-maintained property features three 2-bedroom units and one 1-bedroom unit, making it an ideal addition to an investor's portfolio, owner occupant or a great opportunity for a first-time multifamily buyer looking to build passive income.
Recent capital improvements provide peace of mind, including a new boiler (2025), newer windows and a complete remodel of Unit 2 in 2024 featuring new carpet, fresh paint, new blinds, new living room windows, updated kitchen cabinets, countertops, appliances, and remodeled bathroom with tile tub/shower.
The property benefits from month-to-month leases with long-term tenants and historically low turnover, helping provide consistent income and flexibility for future rent adjustments. Located in Southwest Richfield, the property offers excellent accessibility to major highways, shopping, restaurants, and parks, and is just minutes from the Mall of America and MSP Airport, making it an attractive location for renters.
The neighborhood also offers strong amenities and transportation access, further supporting long-term rental demand.
Monthly Cost Estimate
$3,208/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7632 Pleasant Avenue
Richfield, MN 55423
Sunset Terrace
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 7632 Pleasant Avenue is listed at $599,900 ($150/sqft). The estimated monthly payment is $3,208 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1966, 0.26 acre lot. Exterior Features: Brick/Stone, Stucco.
This property is listed by Kristopher G. Jacobsen and can be reached at (651) 330-3359.